OECD

September 27, 2024 4:16 PM

Solid domestic demand growth to continue in India for next two years: OECD

Economic growth in G20 emerging markets, including India, is expected to remain steady, according to the latest report from the Organisation for Economic Co-operation and Development (OECD). The Paris-based research body highlighted that domestic demand in emerging economies, such as India and Indonesia, will maintain its momentum. "Solid domestic demand growth is projected to continue in India and Indonesia over the next two years," the report stated. The OECD has also revised India's GDP gr...

May 2, 2024 5:47 PM

OECD upgrades global growth outlook as U.S. outperforms

The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected with central banks' targets, the OECD said on Thursday, upgrading its outlook. The global economy would maintain the 3.1% growth rate seen last year and pick up marginally to 3.2% next year, the Organisation for Economic Cooperation and Development said, upgrading forecasts dating from February for growth of 2.9% this year and 3% in ...

September 16, 2024 4:26 PM

India to grow at 6.6 per cent over next two years, driven by public sector demand: OECD

India's GDP is expected to grow by 7.8 per cent in the concluded financial year 2023-24, with a projection of 6.6 per cent growth over the next two fiscal years, according to latest Economic Outlook report from OECD. The report cautions that global near-term developments could pose challenges to achieving higher growth. According to the report, India's domestic demand will be driven by gross capital formation, particularly in the public sector, while private consumption growth is expected to re...